The US Airline Deregulation and Its Effects on Industry Structure and Competition

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Publisher : Universal-Publishers
ISBN 13 : 1581121881
Total Pages : 94 pages
Book Rating : 4.5/5 (811 download)

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Book Synopsis The US Airline Deregulation and Its Effects on Industry Structure and Competition by : Filippos Servitopoulos

Download or read book The US Airline Deregulation and Its Effects on Industry Structure and Competition written by Filippos Servitopoulos and published by Universal-Publishers. This book was released on 2003-08-05 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this dissertation is to assess whether the consumers are receiving a greater range and more frequent airline services since the U.S. airline industry was deregulated. Are the consumers better off since deregulation? Are the airlines providing more and better services? The questions mentioned above are examined and answered in this dissertation and based on the literature available and on numerous reports and published papers, many conclusions are drawn. These conclusions can help the readers in both comprehending the complicated issue of airline deregulation and assessing whether consumers are better off since deregulation. Initially an analysis of the airline deregulation is carried out based on the literature available. Information is provided regarding when did it happen and why did it happen. Moreover a comparison of the pre and post-deregulation era is conducted. Information is also provided about the airline deregulation effects on the U.S. airline industry s structure and competition. Strategic alliances which constitute a consequence of the airline deregulation effects are also examined. After the description of both the effects of airline deregulation and strategic alliances is carried out, an analysis of them is initiated. The analysis is aiming at proving whether airline deregulation has increased the range and frequency of airline services. For this analysis, the information presented before is used and it is analysed via the use of certain management models. Through a thorough research and study on the above issues, It has become apparent to me that the opinions about the range and frequency of services offered to the customers before and after deregulation are contradictory. The conclusions that I have made are based on my own perception on those issues and are a result of an objective analysis of contradicting theories and opinions. The airline deregulation issue is very opportune in the U.S. because the airline industry is currently undergoing through a very crucial stage. Many are those who praise the airline deregulation decision, taken in the late 1970s but many are those who recollect the days of the pre-deregulation period. My own ideas are expressed through out this thesis in a way that they allow the reader to form his/her own opinion on the issue.

The Economic Effects of Airline Deregulation

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Author :
Publisher : Brookings Institution Press
ISBN 13 : 9780815708063
Total Pages : 100 pages
Book Rating : 4.7/5 (8 download)

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Book Synopsis The Economic Effects of Airline Deregulation by : Steven Morrison

Download or read book The Economic Effects of Airline Deregulation written by Steven Morrison and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1938 the U.S. Government took under its wing an infant airline industry. Government agencies assumed responsibility not only for airline safety but for setting fares and determining how individual markets would be served. Forty years later, the Airline Deregulation Act of 1978 set in motion the economic deregulation of the industry and opened it to market competition. This study by Steven Morrison and Clifford Winston analyzes the effects of deregulation on both travelers and the airline industry. The authors find that lower fares and better service have netted travelers some $6 billion in annual benefits, while airline earnings have increased by $2.5 billion a year. Morrison and Winston expect still greater benefits once the industry has had time to adjust its capital structure to the unregulated marketplace, and they recommend specific public polices to ensure healthy competition.

The Evolution of the Airline Industry

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Publisher : Brookings Institution Press
ISBN 13 : 9780815721208
Total Pages : 188 pages
Book Rating : 4.7/5 (212 download)

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Book Synopsis The Evolution of the Airline Industry by : Steven Morrison

Download or read book The Evolution of the Airline Industry written by Steven Morrison and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the enactment of the Airline Deregulation Act in 1978, questions that had been at the heart of the ongoing debate about the industry for eighty years gained a new intensity: Is there enough competition among airlines to ensure that passengers do not pay excessive fares? Can an unregulated airline industry be profitable? Is air travel safe? While economic regulation provided a certain stability for both passengers and the industry, deregulation changed everything. A new fare structure emerged; travelers faced a variety of fares and travel restrictions; and the offerings changed frequently. In the last fifteen years, the airline industry's earnings have fluctuated wildly. New carriers entered the industry, but several declared bankruptcy, and Eastern, Pan Am, and Midway were liquidated. As financial pressures mounted, fears have arisen that air safety is being compromised by carriers who cut costs by skimping on maintenance and hiring inexperienced pilots. Deregulation itself became an issue with many critics calling for a return to some form of regulation. In this book, Steven A. Morrison and Clifford Winston assert that all too often public discussion of the issues of airline competition, profitability, and safety take place without a firm understanding of the facts. The policy recommendations that emerge frequently ignore the long-run evolution of the industry and its capacity to solve its own problems. This book provides a comprehensive profile of the industry as it has evolved, both before and since deregulation. The authors identify the problems the industry faces, assess their severity and their underlying causes, and indicate whether government policy can play an effective role in improving performance. They also develop a basis for understanding the industry's evolution and how the industry will eventually adapt to the unregulated economic environment. Morrison and Winston maintain that although the airline industry has not rea

Deregulation, Increased Competition is Making Airlines More Efficient and Responsive to Consumers

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Publisher :
ISBN 13 :
Total Pages : 108 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Deregulation, Increased Competition is Making Airlines More Efficient and Responsive to Consumers by : United States. General Accounting Office

Download or read book Deregulation, Increased Competition is Making Airlines More Efficient and Responsive to Consumers written by United States. General Accounting Office and published by . This book was released on 1985 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses changes in the U.S. airline industry since enactment of the Airline Deregulation Act of 1978.

The Effects of Deregulation on U.S. Air Networks

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Publisher : Springer Science & Business Media
ISBN 13 : 3642770614
Total Pages : 143 pages
Book Rating : 4.6/5 (427 download)

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Book Synopsis The Effects of Deregulation on U.S. Air Networks by : Aisling J. Reynolds-Feighan

Download or read book The Effects of Deregulation on U.S. Air Networks written by Aisling J. Reynolds-Feighan and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1. 1 A Brief History of U. S. Commercial Aviation Regulation and Deregulation The U. S. commercial aviation industry was regulated by the government for a period of 40 years, beginning in 1938 with. the passing of the Federal Aviation Act, and ending in October 1978 when President Carter signed into law the Airline Deregulation Act (ADA). There were 16 airlines in existence when the Federal Aviation Act was passed in 1938 (the so-called 'trunk lines'). The Act established the Civil Aeronautics Authority (CAA) as the industry's regulatory body. The Act was passed principally because it was felt that the free market, if allowed to continue unregulated for much longer, would put many of these firms into bankruptcy. It is possible therefore to view the CAA of 1938 (re-organized into the Civil Aeronautics Board (CAB) in 1940) as a response to a potential market failure at the time. In the 1930s, few air traffic markets could have efficiently"supported more than one airline operating in the market [Panzar (1980)]. Competition among the carriers was cut-throat, and it was felt that the near bankruptcy of the airlines in the period was caused principally by the competitive bidding system used by the Post Office in allotting airmail subsidies [Keeler (1972), Caves (1962)].

Airline Deregulation and Laissez-Faire Mythology

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Publisher : Bloomsbury Publishing USA
ISBN 13 : 0313066604
Total Pages : 392 pages
Book Rating : 4.3/5 (13 download)

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Book Synopsis Airline Deregulation and Laissez-Faire Mythology by : Paul S. Dempsey

Download or read book Airline Deregulation and Laissez-Faire Mythology written by Paul S. Dempsey and published by Bloomsbury Publishing USA. This book was released on 1992-09-08 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Airline deregulation is a failure, conclude Professors Dempsey and Goetz. They assault the conventional wisdom in this provocative book, finding that the Airline Deregulation Act of 1978, championed by a profound political movement which also advocated the deregulation of the bus, trucking, rail, and pipeline industries, failed to achieve the promises of its proponents. Only now is the full impact of deregulation being felt. Airline deregulation has resulted in unprecedented industry concentration, miserable service, a deterioration in labor-management relations, a narrower margin of safety, and higher prices for the consumer. This comprehensive book begins by exploring the strategy, tactics, and egos of the major airline robber barons, including Frank Lorenzo and Carl Icahn. In separate chapters, the strengths, weaknesses, and corporate cultures of each of the major airlines are evaluated. Part Two assesses the political, economic, and social justifications for New Deal regulation of aviation, and its deregulation in the late 1970s. Part Three then addresses the major consequences of deregulation in chapters on concentration, pricing, service, and safety, and Part Four advances a legislative agenda for solving the problems that have emerged. Professors Dempsey and Goetz advocate a middle course of responsible government supervision between the dead hand of regulation of the 1930s and the contemporary evil of market Darwinism. The book will be of particular interest to airline and airport industry executives, government officials, and students and scholars in public policy, economics, business, political science, and transportation.

Airline Deregulation

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Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis Airline Deregulation by : United States. General Accounting Office

Download or read book Airline Deregulation written by United States. General Accounting Office and published by . This book was released on 1996 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Airline Deregulation

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Publisher : DIANE Publishing
ISBN 13 : 9780788140723
Total Pages : 38 pages
Book Rating : 4.1/5 (47 download)

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Book Synopsis Airline Deregulation by : DIANE Publishing Company

Download or read book Airline Deregulation written by DIANE Publishing Company and published by DIANE Publishing. This book was released on with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Overall, airfares have decreased and service has improved since the dereg. of the airline industry in 1978. Contributing to this trend has been the increased competition spurred by the entry of new airlines into the industry, and established airlines into new markets. A number of airports in the Southeast and upper Midwest have not experienced such entry and therefore have not experienced lower fares and improved service. This report determines if barriers still exist that prevent airlines from serving new markets and how these barriers have affected airfares and service.

The Evolution of the US Airline Industry

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Publisher : Springer Science & Business Media
ISBN 13 : 9780387242132
Total Pages : 316 pages
Book Rating : 4.2/5 (421 download)

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Book Synopsis The Evolution of the US Airline Industry by : Eldad Ben-Yosef

Download or read book The Evolution of the US Airline Industry written by Eldad Ben-Yosef and published by Springer Science & Business Media. This book was released on 2005-07-13 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Evolution of the US Airline Industry discusses the evolution of the hub-and-spoke network system and the associated price discrimination strategy, as the post-deregulation dominant business model of the major incumbent airlines and its breakdown in the early 2000s. It highlights the role that aircraft – as a production input – and the aircraft manufacturers' strategy have played in shaping this dominant business model in the 1990s. Fierce competition between Airbus and Boeing and plummeting new aircraft prices in the early 2000s have fueled low-cost competition of unprecedented scope, that destroyed the old business model. The impact of the manufacturers' strategy on these trends has been overlooked by industry observers, who have traditionally focused on the demand for air travel and labor costs as the most critical elements in future trends and survivability of major network airlines. The book debates the impact and merit of government regulation of the industry. It examines uncertainty, information problems, and interest group structures that have shaped environmental and safety regulations. These regulations disregard market signals and deviate from standard economic principles of social efficiency and public interest. The Evolution of the US Airline Industry also debates the applicability of traditional antitrust analysis and policies, which conflict with the complex dynamics of real-life airline competition. It questions the regulator's ability to interpret industry conduct in real time, let alone predict or change its course towards a "desirable" direction. The competitive response of the low-cost startup airlines surprised many antitrust proponents, who believed the major incumbent airlines practically blocked significant new entry. This creative market response, in fact, destroyed the major incumbents' power to discriminate pricing – a task the antitrust efforts failed to accomplish.

The Effects of Airline Deregulation on Airline Service to Small-and Medium-sized Communities and Small Businesses

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Publisher :
ISBN 13 :
Total Pages : 152 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis The Effects of Airline Deregulation on Airline Service to Small-and Medium-sized Communities and Small Businesses by : United States. Congress. Senate. Committee on Small Business. Subcommittee on Competition and Antitrust Enforcement

Download or read book The Effects of Airline Deregulation on Airline Service to Small-and Medium-sized Communities and Small Businesses written by United States. Congress. Senate. Committee on Small Business. Subcommittee on Competition and Antitrust Enforcement and published by . This book was released on 1987 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Effects of Deregulation in the Aviation Industry

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Publisher : GRIN Verlag
ISBN 13 : 3640463927
Total Pages : 12 pages
Book Rating : 4.6/5 (44 download)

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Book Synopsis Effects of Deregulation in the Aviation Industry by : Barbara Bilyk

Download or read book Effects of Deregulation in the Aviation Industry written by Barbara Bilyk and published by GRIN Verlag. This book was released on 2009-11-02 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2009 in the subject Politics - Environmental Policy, grade: Distinction, Swinburne University of Technology, Melbourne, course: Aviation Regulation, Environment and Operation , language: English, abstract: Starting in the USA where deregulation of air transportation began in the late seventies, this trend was observable throughout Europe in the eighties and Australia at the beginning of the nineties. The major arguments for liberalisation were in general a reduction of capacity constraints and a simplified market access (Himpel & Lipp 2006, p.26). Constitutional for these ideas is the theory of contestable markets which assumes the efficiency of competition with a free market entry and market exit. Therefore deregulation processes aim at providing a better, safer and more efficient industry. However, Geoffrey Thomas (2008) among others points out that in reality the liberalisation of air transportation has caused predominantly negative outcomes which is why there should be a return to some degree of regulation. Based on Thomas’ train of thoughts, this research paper is aimed at critically evaluating the effects of liberalisation both on the aviation industry and on the consumer. The paper is therefore structured as follows: after revealing the limitations of the evaluation, positive effects of liberalisation in Europe, the United States and Australia are outlined which are then opposed to negative effects. Based on these findings, a conclusion is finally drawn.

Competition and Regulation in the Airline Industry

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Publisher : Routledge
ISBN 13 : 1136315330
Total Pages : 210 pages
Book Rating : 4.1/5 (363 download)

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Book Synopsis Competition and Regulation in the Airline Industry by : Steven Truxal

Download or read book Competition and Regulation in the Airline Industry written by Steven Truxal and published by Routledge. This book was released on 2013-01-04 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: An examination of the relationship between competition and the deregulation and liberalisation of the US and European air transport sectors reveals that the structure of the air transport sector has undergone a number of significant changes. A growing number of airlines are entering into horizontal and vertical cooperative arrangements and integration including franchising, codeshare agreements, alliances, ‘virtual mergers’ and in some cases, mergers with other airlines, groups of airlines or other complementary lines of business such as airports. This book considers the current legal issues affecting the air transport sector incorporating recent developments in the industry, including the end of certain exemptions from EU competition rules, the effect of the EU-US Open Skies Agreement, the accession of new EU Member States and the Lisbon Treaty. The book explores the differing European and US regulatory approaches to the changes in the industry and examines how airlines have remained economically efficient in what is perceived as a complex and confused regulatory environment. Competition and Regulation in the Airline Industry will be of particular interest to academics and students of competition law as well as EU law.

Airline Competition

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Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis Airline Competition by : Kenneth M. Mead

Download or read book Airline Competition written by Kenneth M. Mead and published by . This book was released on 1993 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economic Regulation and Its Reform

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Publisher : University of Chicago Press
ISBN 13 : 022613816X
Total Pages : 619 pages
Book Rating : 4.2/5 (261 download)

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Book Synopsis Economic Regulation and Its Reform by : Nancy L. Rose

Download or read book Economic Regulation and Its Reform written by Nancy L. Rose and published by University of Chicago Press. This book was released on 2014-08-29 with total page 619 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led to calls for renewed market intervention. Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.

The Airline Industry and the Impact of Deregulation

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Publisher : Routledge
ISBN 13 : 1351895125
Total Pages : 180 pages
Book Rating : 4.3/5 (518 download)

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Book Synopsis The Airline Industry and the Impact of Deregulation by : George Williams

Download or read book The Airline Industry and the Impact of Deregulation written by George Williams and published by Routledge. This book was released on 2017-03-02 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the fast-changing theatre of air transportation, the strategic development of airlines and the operating economics of scheduled airline services have been transformed, following the profound impact of US deregulation. The lessons gleaned from the US experience, including effective ways of constraining rivals, have quickly been adopted by carriers facing the opening up to competition of their own local markets. In addition, in response to the hunt by the successful US survivors for further international traffic, carriers have been forced to emulate certain tactics adopted by these megacarriers, virtually irrespective of their own government’s regulatory stance. The economics of the sector, particularly with regard to revenue generation, has resulted in increased market concentration. In the longer term, prospects for competition remain unclear, given the likely existence of only a small number of similarly endowed, globally alligned megacarriers. This book explores the impact of deregulation policies on key areas of the airline industry, analyzes the response of incumbent carriers to economic freedom and examines whether or not it is possible to devise a pro-competitive regulatory strategy for this sector. The author provides the reader with a clear explanation as to: ¢ why airline deregulation policies have produced a number of unanticipated outcomes; ¢ why low-cost new entrants have been unable to survive under deregulation; ¢ why the impact of airline deregulation has differed between the USA and Western Europe. Using this analysis as a basis, he explores the future development of the sector, indicating the likely future trends towards globalization. He also argues that a competitive marketplace is not a guaranteed outcome of full deregulation and suggests an alternative approach. The book is of special interest to those members engaged in the airline industry, regulatory authorities and government departments of transport and industry. It wil

Airline Deregulation

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Author :
Publisher : Praeger
ISBN 13 :
Total Pages : 328 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Airline Deregulation by : John Robert Meyer

Download or read book Airline Deregulation written by John Robert Meyer and published by Praeger. This book was released on 1981-07-30 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive and well-documented volume analyzes the policy-making and codification of the airline deregulation process through the 1960s and 1970s and examines the early effects of deregulation. It offers the industry both an historical perspective and a foundation for projecting future developments.

Deregulating the Airlines

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Publisher :
ISBN 13 :
Total Pages : 468 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis Deregulating the Airlines by : Elizabeth E. Bailey

Download or read book Deregulating the Airlines written by Elizabeth E. Bailey and published by . This book was released on 1983 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: